The firm rolled out the service last month, and a handful of buy-side firms including mutual funds and insurance companies are already using the evaluated swaptions prices to value swaptions within their portfolios, according to Umesh Bhide, senior managing director for Pricing Direct at Bear Stearns.
"At first, we are offering the swaptions valuation service in euro and US dollars, and as demand increases, we will expand it to other currencies," Bhide says. "The purpose is to provide a fulle
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails